Information Efficiency in Financial and Betting Markets

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Information Efficiency in Financial and Betting Markets by Edited by Leighton Vaughan Williams, 9780521108171
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  • ISBN: 9780521108171 | 0521108179
  • Cover: Paperback
  • Copyright: 4/9/2009

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This survey of the theory and practice of gambling uses examples from an international range of sports betting markets. Gambling markets offer economists a fascinating case study of how information efficiency operates in a market. Insights gained from gambling interest many: governments (who tax gamblers), financial market analysts (who gamble on the financial markets), and, lastly, mathematicians (who analyze the puzzle of gambling).
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